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Mar 21, 2011
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everybody in the u.s. has this stuff. well, not everybody but most everybody it's the rest of the world where this is a dramatic revolution. and so here are global numbers, and these numbers are important because i'm also going to talk about the problems. i was told to be positive, but there are some dark clouds on the horizon. if you look at this, it took about 125 years on the planet to get to 20 telephones per 100 people. that meant approximately 80% of the people on the planet didn't have a telephone. it took only 15 years to get the 75% of the people that have a cell phone. that's the revolution. everybody else can talk to everybody else. the second part of the revolution we heard about is broadband because it's not only voice but its video and data and that is important. and you will observe that there are more people on the planet with a broadband connection than a telephone. that is a remarkable revolution. but remember, we are still down here at 20% or 20 per 100. the question is we cannot wait a century for the
everybody in the u.s. has this stuff. well, not everybody but most everybody it's the rest of the world where this is a dramatic revolution. and so here are global numbers, and these numbers are important because i'm also going to talk about the problems. i was told to be positive, but there are some dark clouds on the horizon. if you look at this, it took about 125 years on the planet to get to 20 telephones per 100 people. that meant approximately 80% of the people on the planet didn't have a...
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Mar 2, 2011
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the alternatives they can require that an individual provided their u.s. passport or birth certificate and a drivers license or other photo i.d. and no caveman individual self declared citizenship or legal immigration status. >> without objection so order. the gentleman, mr. bass, would like to have heard a study on how to reduce medicaid chart prices. and mr. gerber has a letter to insert without objection. >> mr. chairman, mr. chairman, i have a letter also found my former colleague from the state of georgia who has been very interesting comments in his letter here today to submit for the record. >> without objection, that'll be inserted in the record. members will have 10 legislative days to submit questions for the record. i ask witnesses respond promptly to these questions. without objection so order. the hearing is now adjourned. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] >> and a few monarchs, hearing with treasury secretary take down a proposal to phase out government control home mortgag
the alternatives they can require that an individual provided their u.s. passport or birth certificate and a drivers license or other photo i.d. and no caveman individual self declared citizenship or legal immigration status. >> without objection so order. the gentleman, mr. bass, would like to have heard a study on how to reduce medicaid chart prices. and mr. gerber has a letter to insert without objection. >> mr. chairman, mr. chairman, i have a letter also found my former...
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Mar 23, 2011
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the u.s., the worst blizzards of the decades. but despite all of that, but despite of all that, their economies grew in the fourth quarter. and while our growth has worsened, theirs have improved. the german economy -- the chancellor -- the chancellor should just calm down just a little bit, mr. deputy speaker. the german economy is forecast to grow more strongly than it was last year. so is the united states. growth in the world economy has been revised up. but which is the major country downgrading its growth forecast, the united kingdom. mr. deputy speaker, it's not the wrong type of snow to blame. it's the wrong type of chancellor. it's the wrong type of chancellor in the wrong type of government with the wrong priorities for britain. mr. deputy speaker, mr. deputy speaker -- >> courtesy should be shown but can i say to everybody, the public also wants to hear what the opposition has got to say. if the cabinet members do not want to listen, then please leave the chair. some people may agre
the u.s., the worst blizzards of the decades. but despite all of that, but despite of all that, their economies grew in the fourth quarter. and while our growth has worsened, theirs have improved. the german economy -- the chancellor -- the chancellor should just calm down just a little bit, mr. deputy speaker. the german economy is forecast to grow more strongly than it was last year. so is the united states. growth in the world economy has been revised up. but which is the major country...
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Mar 10, 2011
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since coming to the u.s. senate, i have worked to increase the number of north carolinians on our federal judiciary. unfortunately, it has turned out to be a rather slow and arduous process, and after months of making the case that north carolina deserves more representation on the fourth circuit last year, judges jim wynn and al diaz were confirmed unanimously by the united states senate. north carolina is better off because judges jim wynn and al diaz, highly qualified, experienced and fire-minded judges, are now serving on the fourth circuit, and it is my hope that very soon north carolina will have another federal judge with the confirmation of judge cogburn. all of these judges have received bipartisan support, and i am pleased that senator burr has joined with me in recommending these judges. i recommended judge cogburn because of his distinguished record as a swriewrist and attorney in both the public and private sectors. after earning degrees from sanford university cumberland school of law and u.n.c.
since coming to the u.s. senate, i have worked to increase the number of north carolinians on our federal judiciary. unfortunately, it has turned out to be a rather slow and arduous process, and after months of making the case that north carolina deserves more representation on the fourth circuit last year, judges jim wynn and al diaz were confirmed unanimously by the united states senate. north carolina is better off because judges jim wynn and al diaz, highly qualified, experienced and...
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Mar 2, 2011
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people when asked about an medicaid costs costs were better. >> after 2017 u.s. fewer poor people than today? your medicaid costs will go down. >> l. actually go out because i'm going to put all these people on medicaid until the affordable care act that are not on it now. >> let me put it in terms of law. under the affordable care act, people eligible will have a family of four with the maximum coverage under the increase under the affordable care act. starting in 2017 when the federal government stops absorbing 100% and is worth 95% of that. if your number of poor people goes down a sufficient amount, if you're a good governor, your medicaid costs will go down down down >> definition of poor and eligible for medicaid are two different things. the number of people eligible for medicaid will go up. >> 30,000 for a family of four will be the new limit. if it goes down, fewer poor people, lower medicaid. i would endeavor that. not gentleman's time has expired. >> that's exactly the number eight gave you. >> the gentleman's time has expired. the chair recognizes dr.
people when asked about an medicaid costs costs were better. >> after 2017 u.s. fewer poor people than today? your medicaid costs will go down. >> l. actually go out because i'm going to put all these people on medicaid until the affordable care act that are not on it now. >> let me put it in terms of law. under the affordable care act, people eligible will have a family of four with the maximum coverage under the increase under the affordable care act. starting in 2017 when...
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Mar 2, 2011
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states couldn't cover illegal aliens, but we said if he wanted to restrict benefits for medicaid to a u.s. citizens or legal residence we gave you the right to do that. our friends on the democratic side changed that verification program to basically self reformation. if you see that you're eligible, you are eligible. governor barbour, with one reform of medicaid that we should consider going back and giving states the right to actually verify citizenship before their extended medicaid benefits? >> yes, sir. >> governor herbert? >> absolutely. i think i would just make sense. >> governor patrick? >> we do it already. >> you think you do it all ready. i would like to see your program because if you do your the only seed in the nation that does. so i appreciate that. there has been quite a bit of talk in the last congress of states beginning to opt out of medicaid because it is too expensive. what would the tipping point be if we don't change the current health care law? where would states began to seriously think about opting out? at what point of their budget is in texas for a simple 25%
states couldn't cover illegal aliens, but we said if he wanted to restrict benefits for medicaid to a u.s. citizens or legal residence we gave you the right to do that. our friends on the democratic side changed that verification program to basically self reformation. if you see that you're eligible, you are eligible. governor barbour, with one reform of medicaid that we should consider going back and giving states the right to actually verify citizenship before their extended medicaid...
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Mar 13, 2011
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under 1944 treaty, the u.s. gets 90% of the colorado's water and mexico gets 10%, and no water left over for the delta. as a result, the mighty colorado no longer flows to california. the delta that once covered 2 million acres is reduced to 10% of the original size, less than 1%, a tenth of a percent of the water that reached the delta reaches it today, and that water is by accident. it comes from
under 1944 treaty, the u.s. gets 90% of the colorado's water and mexico gets 10%, and no water left over for the delta. as a result, the mighty colorado no longer flows to california. the delta that once covered 2 million acres is reduced to 10% of the original size, less than 1%, a tenth of a percent of the water that reached the delta reaches it today, and that water is by accident. it comes from
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Mar 14, 2011
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reviewers have commented, a well-written meticulously researched and i opening examination of how u.s. politicians use religion to win votes. if you are at all curious about how influential religion has become in today's political arena, you need to read this book. another review called the book absolutely brilliant, fascinating, timely, and of great importance. it's so absolutely buy that book, too. still as you can see, we have a lot of expertise to bring to today's procession teach -- session. professors want to leave plenty of time for discussion. they will be beginning, and you can get your questions ready. at think we will start with dr. kate kenski, who will focus in on the 2008 election and factors that help us understand the outcomes of the elections and then dr. kevin coe will bring his focus in on the influence of religion in politics today. >> thank you much. i'm very much appreciate being here, and thank you for having us. from among the thousands of words that were spoken in the 2008 election might co-authors and i think that we pretty much mail down which words were mos
reviewers have commented, a well-written meticulously researched and i opening examination of how u.s. politicians use religion to win votes. if you are at all curious about how influential religion has become in today's political arena, you need to read this book. another review called the book absolutely brilliant, fascinating, timely, and of great importance. it's so absolutely buy that book, too. still as you can see, we have a lot of expertise to bring to today's procession teach --...
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Mar 19, 2011
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if there's a u.s. involvement or component in the no-fly zone will the take the necessary assets away from afghanistan and this question asks how will it in the in libya? so i would place them before you? >> i'm tempted to defer all of that to the commander of u.s. african demand and some others. i would note on the first one there has been no taking of assets from afghanistan and i've heard absolutely nothing about that whatsoever. secretary gates was clear on the enormous capabilities that we have in our military. by the way, we are now getting to the one year deployed, so the 12 - as well with our service and that is a function of not just having drawn down our forces in iraq although that is the biggest we are down from 165 at the peak to somewhere in the high forties. but also of course the increase of the forces, the restructuring and the development of the more of the so-called high demand low density forces and special operations command the and intelligence communities and so on so there has b
if there's a u.s. involvement or component in the no-fly zone will the take the necessary assets away from afghanistan and this question asks how will it in the in libya? so i would place them before you? >> i'm tempted to defer all of that to the commander of u.s. african demand and some others. i would note on the first one there has been no taking of assets from afghanistan and i've heard absolutely nothing about that whatsoever. secretary gates was clear on the enormous capabilities...
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Mar 30, 2011
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i would argue that there is a vital u.s.-american interest t to -- u.s. american interest to harvest our own energy or we risk in engaging in military conflict every time those in the middle east become unstable. mr. president, this is absolutely a critical debate. there are legitimate differences on both sides of this debate, but this is a debate the congress should be willing to have, whether the president should have consulted and whether this is in our vital u.s. american interest to go forward. mr. president, i yield the floor. and note the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: mr. alexander: mr. president? the presiding officer: the senator from tennessee. mr. alexander: i ask consent to vitiate the quorum. the presiding officer: without objection. mr. alexander: and i ask consent to divide equally the remaining amount of morning business time. the presiding officer: without objection. mr. alexander: the senator from new york and i are on the floor to introduce legislation, which he will do in just a
i would argue that there is a vital u.s.-american interest t to -- u.s. american interest to harvest our own energy or we risk in engaging in military conflict every time those in the middle east become unstable. mr. president, this is absolutely a critical debate. there are legitimate differences on both sides of this debate, but this is a debate the congress should be willing to have, whether the president should have consulted and whether this is in our vital u.s. american interest to go...
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Mar 19, 2011
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there have been some estimates that a significant proportion, if not the majority, of u.s. casualties in iraq were the result of equipment and munitions imported from her on. that is how serious the issue is. >> server. >> this is probably a follow-up. i'm concerned about how you see the linkage between energy policy and the moves will make or don't make in libya and the rest of the oil-producing middle east where we are deeply indebted to saudi arabia and any movement favoring democracy in brain could upset that balance. let's look at history. i suspect it is awfully hard to find any serious conflicts throughout history that did not have an economic component to them. this is not new. economic interdependence is an issue. there is no question that it is irresponsible not to acknowledge that we care about who rig controls major economic assets around the world. we do care. of course we care. we care who has, who controls the loyal to be we do care about the relationships we have with those countries that have the oil. it is a part and parcel of the debate. takes place all t
there have been some estimates that a significant proportion, if not the majority, of u.s. casualties in iraq were the result of equipment and munitions imported from her on. that is how serious the issue is. >> server. >> this is probably a follow-up. i'm concerned about how you see the linkage between energy policy and the moves will make or don't make in libya and the rest of the oil-producing middle east where we are deeply indebted to saudi arabia and any movement favoring...
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Mar 12, 2011
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under 1944 treaty, the u.s. gets 90% of the colorado's water and mexico gets 10%, and no water left over for the delta. as a result, the mighty colorado no longer flows to california. the delta that once covered 2 million acres is reduced to 10% of the original size, less than 1%, a tenth of a percent of the water that reached the delta reaches it today, and that water is by accident. it comes from incidental flows, mostly waste water that runs off the agriculture fields near yuma. as a long term drought in this region continues, we expect that agriculture and cities will become more efficient with their use of water. that's a good thing, but it's also a bad thing for the delta because as agriculture and cities become efficient, in other words, cutting down the waste water that is vie that to the delta. when groups and scientists realize what's happening, they began publicizing the importance of the delta as providing critical habitat to areas in this country and provided services to people in both countries. no
under 1944 treaty, the u.s. gets 90% of the colorado's water and mexico gets 10%, and no water left over for the delta. as a result, the mighty colorado no longer flows to california. the delta that once covered 2 million acres is reduced to 10% of the original size, less than 1%, a tenth of a percent of the water that reached the delta reaches it today, and that water is by accident. it comes from incidental flows, mostly waste water that runs off the agriculture fields near yuma. as a long...
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Mar 18, 2011
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their way to california, but u.s. government experts insists that there is no threat to the american public. that just out from the associated press. again, this is brookings institution, the japanese ambassador here shortly. also in a couple of minutes, president obama, at the white house talking about libya and the passing last night of the no-fly zone, the announcement by libya of a cease fire and a truce. the president will be speaking shortly, and you can follow those comments on our companion network, c-span. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible convers
their way to california, but u.s. government experts insists that there is no threat to the american public. that just out from the associated press. again, this is brookings institution, the japanese ambassador here shortly. also in a couple of minutes, president obama, at the white house talking about libya and the passing last night of the no-fly zone, the announcement by libya of a cease fire and a truce. the president will be speaking shortly, and you can follow those comments on our...
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Mar 3, 2011
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much has changed since samuel hopkins received the first u.s. patent in 1790 with the need for -- but the need for a flexibility patent system remained constant. inventors from burlington to the bay area require the appropriate incentives to invest in the research required to create the next platform scale or the next watson computer or the next lifesaving medical device. for the last six years i've worked for meaningful comprehensive patent foreman legislation. during that time -- patent reform legislation. during that time i kept in mind inventors like thaddeus fairbanks. the next generation of vermonters is as eager as the last to show america and the world what they can produce. vermont may be one of the two smallest states in our nation, but it's bursting with creativity. the america invents act will ensure the next samuel hol -- hopkins will flourish well into the 21st century. we've had all the major amendments, i understand, for this bill. we will have a few others. i hope that they will be germane , and that we can wrap it up certainly
much has changed since samuel hopkins received the first u.s. patent in 1790 with the need for -- but the need for a flexibility patent system remained constant. inventors from burlington to the bay area require the appropriate incentives to invest in the research required to create the next platform scale or the next watson computer or the next lifesaving medical device. for the last six years i've worked for meaningful comprehensive patent foreman legislation. during that time -- patent...
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Mar 18, 2011
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because if the u.s. is warning its oil reserves faster than any other nation and it is largely opec countries that are burning through their reserves at a much, much slower rate than we are, that means they will have more and more leverage than we will in future years. if we have 2% of the reserves, he 11% of the production now and 25% of the consumption. am i describing that accurately? please, mr. newell. >> opec countries currently provide about 40% of the global oil liquid supply and old non-opec about 60%. we and most other analysts i've seen expect the share will increase over time because the vast majority of reserves of oil are located in the opec countries. >> and because we are burning through our reserves considerably faster than they are so we will have a smaller and smaller share even if some of these larger possibly economically recoverable by some stretch of the imagination are out there is that correct? >> you can shortly after. >> the time of the gentleman has expired. and if you would l
because if the u.s. is warning its oil reserves faster than any other nation and it is largely opec countries that are burning through their reserves at a much, much slower rate than we are, that means they will have more and more leverage than we will in future years. if we have 2% of the reserves, he 11% of the production now and 25% of the consumption. am i describing that accurately? please, mr. newell. >> opec countries currently provide about 40% of the global oil liquid supply and...
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Mar 9, 2011
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focus from the u.s. forces in the u.s. experts as well. so i think there'll be a price for those after the event. after the session, we'll be here to answer any specific questions on that as my american colleague, doug schilling in the back of the room now. i'd also like to thank our cosponsors. the navy league is a nonprofit organization with more than 50,000 members spread across 250 councils worldwide. since its founding in 1992, maybe the commission has been to educate the american people and leaders with the powder to a -- and to support the sea services. every much appreciate the full support today. i appreciate dan branch of the national executive director for their contributions for helping pull this together. but now for the core of today's event. the united nations estimates that the indian ocean piracy cost between five and $7 billion annually and though there are only a few attacks to make the news, they still occur on the basis with deaths of four american hostages. they are increasingly resilient, bold and at that give him a
focus from the u.s. forces in the u.s. experts as well. so i think there'll be a price for those after the event. after the session, we'll be here to answer any specific questions on that as my american colleague, doug schilling in the back of the room now. i'd also like to thank our cosponsors. the navy league is a nonprofit organization with more than 50,000 members spread across 250 councils worldwide. since its founding in 1992, maybe the commission has been to educate the american people...
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Mar 30, 2011
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there are u.s. attorney guidelines but i think the most important guideline will always be what's in the best interest of the case. >> thank you very much. >> mr. president, two questions i'd like to ask. one is brief. the staff research memo on the issue raised by senator graham relative to the teacher asking for three weeks for a visit to mecca for the hajj. i don't know what arizona keeps popping up in all these. there are other cases that have been considered in one united states versus the board of trustees of southern illinois university in 1995. it was about the employer's failure to accommodate an employee who requested leave to attend an eight-day religious festival, the worldwide church of god's feast of tabernacles and i see there have been other cases involving that particular christian religion in this eight-day leave, 14-day leave that has been requested. i also find cases here involving discrimination against those who have asked to be spared -- being scheduled on the sabbath. >> corr
there are u.s. attorney guidelines but i think the most important guideline will always be what's in the best interest of the case. >> thank you very much. >> mr. president, two questions i'd like to ask. one is brief. the staff research memo on the issue raised by senator graham relative to the teacher asking for three weeks for a visit to mecca for the hajj. i don't know what arizona keeps popping up in all these. there are other cases that have been considered in one united...
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Mar 12, 2011
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what was the significance of alexander hamilton's plan to exchange u.s. debt for state that? >> guest: profoundly important. this went into effect. all of the unrest in the states was in part a response to the taxation of the 1780s where the states were trying to retire their revolutionary war debt by taxes on land, a multiple of what they had been before and the people were very rested but hamilton proposed a brilliant idea, that all the state debts would become a natural death. national debt. he would issue bondss on the united states. a 4% rather than 6%. and didn't have to pay the principal we believe. all you had to pay was the interest. you could do that on the revenue that was coming and on the imports plus some excise taxes and the unfortunate run on whiskey. if basically what he did was to relieve a component of their budget which was the majority what we were raising money for. when the state and loggerhead to pay off their revolutionary war debt they no longer had to impose these taxes and the country became much more peaceful. >> host: next call from john in dalla
what was the significance of alexander hamilton's plan to exchange u.s. debt for state that? >> guest: profoundly important. this went into effect. all of the unrest in the states was in part a response to the taxation of the 1780s where the states were trying to retire their revolutionary war debt by taxes on land, a multiple of what they had been before and the people were very rested but hamilton proposed a brilliant idea, that all the state debts would become a natural death. national...
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Mar 10, 2011
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and the u.s. government has funded some of this and was definitely talking about some increases, made a few increases. now it's one of those things that's kind of up in the air in terms of the overall budget picture, is that something that will be maintained, or will it be cut? and there is a proposal where it gets cut, there's a proposal where most of it gets maintained, and we'll see where it turns out. >> okay. another question? here, right here, is there a question? the. >> for a fun question here, what's your golf handicap, and do you ever take mulligans when you play? [laughter] >> yeah, i am -- i was with some friends at augusta just last week which is my once a year, i go once a year. of and i hadn't golfed for six months, but i'd played tennis. i thought, hey, tennis, that's kind of the same. that didn't work for me. [laughter] i think i was probably golfing to about a 24 handicap when it was all said and done. >> but people the putts, i assume they just give you the putts, i assume? >> w
and the u.s. government has funded some of this and was definitely talking about some increases, made a few increases. now it's one of those things that's kind of up in the air in terms of the overall budget picture, is that something that will be maintained, or will it be cut? and there is a proposal where it gets cut, there's a proposal where most of it gets maintained, and we'll see where it turns out. >> okay. another question? here, right here, is there a question? the. >> for...
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Mar 9, 2011
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and what happens to the u.s. economy? the markets will absolutely devastate us if we don't step up to this problem. the problem is real. the solutions are painful and we have to act. >> allen do you want to add to that? >> i would just say, and i know it is repetitive, if you can understand here with the people of america as we travel around and we do stuff. we go to the business council's. we go to the conservative group in dallas, the policy institute, the economic club of new york and wherever we go, people get it and then we tell them that if they just go to the internet and go to www.fiscal commission.gov, it is 67 pages. if we leave that out they will never read it you see because they say oh my god it must be as high as this box. it isn't and it wasn't risen to four politicians are panderers. it was written for the american people and they use terms like going broke and shared sacrifice. let me tell you what was stunning for us. there has never been any sacrifice required of the american people since world war ii,
and what happens to the u.s. economy? the markets will absolutely devastate us if we don't step up to this problem. the problem is real. the solutions are painful and we have to act. >> allen do you want to add to that? >> i would just say, and i know it is repetitive, if you can understand here with the people of america as we travel around and we do stuff. we go to the business council's. we go to the conservative group in dallas, the policy institute, the economic club of new...
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Mar 7, 2011
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several recent u.s. presidents have come from texas, several important national legislators have come from texas. >> what -- why did you want to write this book? what was the impetus to get you started? >> um, my impetus to get started on this book really was an interest in how we as a society decide who the good kids are and who the bad kids are and then what is to be done with them. and i initially began looking at popular churl and -- cultural and representation of youth, and be then i became dissatisfy with the that and decided i needed to look at real kids and real policies and institutions that effected them. >> so where does after all of your research, where do texas and other states go from here? have grow seen improvement -- have you seen improvement as you were writing the book? >> well, there's been a lot that's changed since i finished the book. as we sit here, the legislature is considering abolishing the agency that oversees juvenile justice in texas. several large facilities have been shut
several recent u.s. presidents have come from texas, several important national legislators have come from texas. >> what -- why did you want to write this book? what was the impetus to get you started? >> um, my impetus to get started on this book really was an interest in how we as a society decide who the good kids are and who the bad kids are and then what is to be done with them. and i initially began looking at popular churl and -- cultural and representation of youth, and be...
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Mar 9, 2011
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focus from the u.s. forces and u.s. exports as well. after the session, we'll be here to answer specific questions ase mike american colleague whoseern faith in connecticut at the back of the room there.the room w. i'd also like to thank our cosponsors for today's press briefing. the navy league is are t not-for-profit organization witr more than 50,000 members spread across 250ead councils worldwid. since its founding in 1982, the navy league's mission has beeni to educate the american peopleei and their leaders about the importance of sea power to a maritime nation and also to support the men and women of the usc services.ea ser i very much appreciate theiri full support to data back to recognize specifically the national dam breaches the national direct to for theirectr contributions to helping put this together together. but now for the core of today's event. the united nations estimates that the indian ocean piracy cost between five and $7 billion annually and though there are only a few attacks to make the news, they still occur o
focus from the u.s. forces and u.s. exports as well. after the session, we'll be here to answer specific questions ase mike american colleague whoseern faith in connecticut at the back of the room there.the room w. i'd also like to thank our cosponsors for today's press briefing. the navy league is are t not-for-profit organization witr more than 50,000 members spread across 250ead councils worldwid. since its founding in 1982, the navy league's mission has beeni to educate the american...
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Mar 6, 2011
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the u.s. senate to fill the term of the late senator ted kennedy. at 8, richard whitmire examines former washington, d.c. school chance michelle rhee's efforts to reform the school system. on after words, rubin carter talks about the 20 years he spent in prison and his work for the innocence since his 1935 re-- 1985 release. we conclude with mr. west who served as assistant secretary of defense for international security affairs durgd reagan administration. he argues that a reliance on counterinsurgency strategies has led the u.s. astray in afghanistan. >> in this time we win, senior editorial writer robbins argues that the tet offense offensive was a failure for the vietnamese. from san diego, this is about an hour. >> thanks, t.j.. good morning, everybody. happy to be here. thanks for inviting me. i'm really delighted. i noted on your web site that it identified me as writing for "the washington post" and not the washington times. i'm not offended. maybe they are. [laughter] slight differenc
the u.s. senate to fill the term of the late senator ted kennedy. at 8, richard whitmire examines former washington, d.c. school chance michelle rhee's efforts to reform the school system. on after words, rubin carter talks about the 20 years he spent in prison and his work for the innocence since his 1935 re-- 1985 release. we conclude with mr. west who served as assistant secretary of defense for international security affairs durgd reagan administration. he argues that a reliance on...
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Mar 17, 2011
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u.s. law as a human rights abuser in iran. mr. mashaei's visit will come just four days after the united nations secretary-general released an interim report on human rights in iran. the report states -- quote -- "the human rights situation in iran has been marked by intensified crackdowns on human rights defenders. women's rights activists, journalists and government opponents. concerns about torture, arbitrary detentions and unfair trials continue to be raised by u.n. human rights mechanisms. additionally, they said discrimination persisted against minority groups, and in some cases amounting to persecution. they said a worrying trend is the increased number of cases in which political prisoners are accused of mohavrit. that is, amnity against god, an offense which under their law is punishable by death. at least 22 people charged with the mohavrit have been executed since january, 2010, underthey are man's administration. journalists, bloggers, human rights defenders and lawyers continu
u.s. law as a human rights abuser in iran. mr. mashaei's visit will come just four days after the united nations secretary-general released an interim report on human rights in iran. the report states -- quote -- "the human rights situation in iran has been marked by intensified crackdowns on human rights defenders. women's rights activists, journalists and government opponents. concerns about torture, arbitrary detentions and unfair trials continue to be raised by u.n. human rights...
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Mar 1, 2011
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nationwide, according to the oecd, u.s. companies invest over $370 billion in research and development each year. in the pharmaceutical industry, which is also important to my home state, experts estimate each new drug requires an initial investment of between $800 million and $2 billion in critical basic research. innovation then is absolutely essential to the continued growth and competitiveness of our nation. our founding fathers recognized that investment in innovation will not occur without a system of patent rights to allow inventors to reap the fruits of their labor, and they placed with the congress the authority to provide for the issuance of these patent rights. in our constitution, in article 1, section 8, clause 8, it states that congress shall have the power to promote the progress of science and useful arts by securing to authors and inventors the exclusive right to their respective writings and discoveries. however complicated applied sciences might have been in 1836 when congress first established the foreru
nationwide, according to the oecd, u.s. companies invest over $370 billion in research and development each year. in the pharmaceutical industry, which is also important to my home state, experts estimate each new drug requires an initial investment of between $800 million and $2 billion in critical basic research. innovation then is absolutely essential to the continued growth and competitiveness of our nation. our founding fathers recognized that investment in innovation will not occur...
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Mar 6, 2011
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the u.s. embassy a month before the attack gave a briefing in which they talked about what they thought was coming. if you go through january 1968 which was the month before the attack happened which took place right at the end of january, our forces went on progressively greater states of alert, our decision makers talked about the coming attack. there was a story three days before the attack in "the washington post" saying, talking about the expected spring offensive that was coming. and then, furthermore, the enemy when they finally launched their attack because of miscommunication, some of their guys attacked two days too early, some of the guys attacked the day before they were supposed to attack. the whole country of south vietnam was on alert. how do you get a surprise attack out of that? the point is that the press settled on a storyline. they decided since some of the people in washington were surprised, everybody must have been surprised. they asked the johnson administration if you
the u.s. embassy a month before the attack gave a briefing in which they talked about what they thought was coming. if you go through january 1968 which was the month before the attack happened which took place right at the end of january, our forces went on progressively greater states of alert, our decision makers talked about the coming attack. there was a story three days before the attack in "the washington post" saying, talking about the expected spring offensive that was...
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Mar 22, 2011
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>> for those of you who don't know, this was a government sponsored u.s./german/italian program that goes back now 16 years i suppose. it's applied core level surface to air missile protection for ground forces. and that, we decided a couple of months ago that we would not pursue them to ourselves, the united states, how come back to the recent animal. and that we would continue through the currently running phase of our international agreement with the germans and the italians and then we would leave the program and the germans and italians could proceed to complete that if they chose to a couple points, widely make that decision? several reasons. it was not -- the program was performing okay. it had performed not okay in the past. so it wasn't -- it didn't stand out on performance grounds, and that gets you attention these days when you don't stand out on performance grounds. secondly, the army's requirements for air defense have come won't surprise you to learn, change somewhat in 16 years. and the kind of capability represented by that program had less
>> for those of you who don't know, this was a government sponsored u.s./german/italian program that goes back now 16 years i suppose. it's applied core level surface to air missile protection for ground forces. and that, we decided a couple of months ago that we would not pursue them to ourselves, the united states, how come back to the recent animal. and that we would continue through the currently running phase of our international agreement with the germans and the italians and then...
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Mar 19, 2011
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the chinese actually have a lot more influence in pakistan than the u.s. although they take our money, but the influence is coming from china. they call us the all weather friends. china does look at the u.s., and they look at india as a quasi, and i was wondering in they have interest in createing some stability like "the new york times" a story where they funded the technology for the nuclear reactor to make bombs. just now in the world of proliferation, they are encouraging pakistani to build nuclear woman. what's your take on the chinese? and do we discuss it in the book? thanks. >> briefly, you characterize china quite rightly. from pakistan's perspective they are the all weather friend. they are taller than the himalayas. they have given the design for the bomb. in any clutch situation, the chinese haven't done anything more than we have. china's sort answer is they are in a quasi rivalry with us and indian, but they are also in a relationship with us and india, and china are trying to figure out how to balance all of this together. so for me, it's t
the chinese actually have a lot more influence in pakistan than the u.s. although they take our money, but the influence is coming from china. they call us the all weather friends. china does look at the u.s., and they look at india as a quasi, and i was wondering in they have interest in createing some stability like "the new york times" a story where they funded the technology for the nuclear reactor to make bombs. just now in the world of proliferation, they are encouraging...
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Mar 15, 2011
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finally, u.s. controller general david walker who served under both republican and democratic administrations has said, "what threatens the ship are large known and growing structural deficits. spending more money than you make is irresponsible." that is what washington has done, spend, sinking our fiscal ship deeper and deeper each year. we saw a drastic swing in november. hoosiers and americans united together in a joined purpose that all representatives repair our fiscal health that's been destroyed by policies. they called for a change in course. they called for bold action today to preserve our country for tomorrow. they realize that the stakes are too high to ignore or delay addressing our fiscal challenges. hoosiers family and businesses, local communities, states, and other entities across indiana and the country had to make sacrifices to trim their budget. they are now calling for congress to do the same. mr. president, we cannot succeed unless we, together, republicans and democrats, agre
finally, u.s. controller general david walker who served under both republican and democratic administrations has said, "what threatens the ship are large known and growing structural deficits. spending more money than you make is irresponsible." that is what washington has done, spend, sinking our fiscal ship deeper and deeper each year. we saw a drastic swing in november. hoosiers and americans united together in a joined purpose that all representatives repair our fiscal health...
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Mar 5, 2011
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last year, foreign trade volume reached 2.97 trillion u.s. dollars, and the openness of the economy increased rapidly. china's international prestige and influence grew significantly. we played an important and constructive role in international affairs. in fact, we safeguard the the national sovereignty, security, and development interests, and we made major progress in our all around diplomacy. we hosted bay of pigs and beijing technology expo. the chinese nation has cherished this for a century. [applause] these brilliant achievements clearly show the advantaging of socialism of chinese culture, the good power of reform, and opening up. it quickly increased the confidence and pride of our people of all ethnic groups, strengthed the capacity of the chinese nation, and we site to forge hands on our historic. [applause] the following are our main accomplishments of the past five years. first, the strengthening and improving macrocontrol and spurring study and rapid economic development. we'll pay close attention to the orientation, focus, and
last year, foreign trade volume reached 2.97 trillion u.s. dollars, and the openness of the economy increased rapidly. china's international prestige and influence grew significantly. we played an important and constructive role in international affairs. in fact, we safeguard the the national sovereignty, security, and development interests, and we made major progress in our all around diplomacy. we hosted bay of pigs and beijing technology expo. the chinese nation has cherished this for a...
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Mar 10, 2011
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the u.s. government also spends1 about 63 billion on 18 different domestic food and nutrition programs. and about $3 billion on 20 hom otmelessness programs.eport n and the report notes, and i'm ce quoting, this can create unnecessary work for both providers and applicants and may result in the use of more administrative resources than ta are needed. let me translate that. that means we have to muchsteful bureaucracy and to much wastefue spending, so the money doesn't n actually get to the people it'sg intendedet to help. it gets spent in the bureaucracy. als we also haove h another almost $60 million spent on over 100 duplicated and fragmented surface transportation programs, 100 of them. and so, while i am troubled thae the $61 billion from the house just isn't enough to tackle thet problem, i am astounded by what the other side of the ogle has done.grams te tal it also continues many of the wasteful programs the we talkedt about. blic the corporation for public broadcasting has come underbv
the u.s. government also spends1 about 63 billion on 18 different domestic food and nutrition programs. and about $3 billion on 20 hom otmelessness programs.eport n and the report notes, and i'm ce quoting, this can create unnecessary work for both providers and applicants and may result in the use of more administrative resources than ta are needed. let me translate that. that means we have to muchsteful bureaucracy and to much wastefue spending, so the money doesn't n actually get to the...
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Mar 14, 2011
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the u.s. in 2008 the center for capital market competitiveness at the u.s. chamber of commerce invited me to conduct a study and write a report on how to improve the efficiency and effectiveness of the sec. i wrote this study based upon interviews with more than 50 current and former sec staff persons and commissioners who agreed to be interviewed and who gave me their ideas, insights and criticisms. the best of which i shamelessly stole. in addition to this report, in 2009 with i wrote a second article, it appeared in the university of pittsburgh law review. this article focused primarily on the enforcement division of the sec, a subject i did not discuss in the chamber report. unlike the chamber report which reflected the collective views of a wide range of people, this article's really my own personal views. in both documents i attempted to identify what could be done to make the agency a more effective capital market regulator. now, today i am aware that one of the focal points is, of cour
the u.s. in 2008 the center for capital market competitiveness at the u.s. chamber of commerce invited me to conduct a study and write a report on how to improve the efficiency and effectiveness of the sec. i wrote this study based upon interviews with more than 50 current and former sec staff persons and commissioners who agreed to be interviewed and who gave me their ideas, insights and criticisms. the best of which i shamelessly stole. in addition to this report, in 2009 with i wrote a...
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Mar 7, 2011
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u.s. district court for the southern district of california. thank you very much, and i yield the floor. mr. grassley: mr. president? the presiding officer: the senator from iowa. mr. grassley: today we continue our efforts to lessen the burden of our overworked courts. we are, before the evening's out, going to confirm three more judicial nominees. two of the three nominees will -- we will vote on are for seats designated as judicial emergencies. with our actions today, it is only -- and we're only 22 days that the senate's been in session this year, the senate has confirmed 10 nominees. with these votes tonight, we will have confirmed 19% of president obama's judicial nominees submitted in this congress. this pace far exceeds the progress made at this point in the 108th congress, which was the beginning of the third year of president bush's presidency. at this point, the 108th congress had confirmed only four of 48 nominations sent to the senate, about 8% confirmation ray. our fast pace
u.s. district court for the southern district of california. thank you very much, and i yield the floor. mr. grassley: mr. president? the presiding officer: the senator from iowa. mr. grassley: today we continue our efforts to lessen the burden of our overworked courts. we are, before the evening's out, going to confirm three more judicial nominees. two of the three nominees will -- we will vote on are for seats designated as judicial emergencies. with our actions today, it is only -- and we're...
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Mar 1, 2011
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the u.s. is designed to protect innovation, inventions and investment, but over the last several decades, the patent and trademark office has become bogged down and overburdened by inefficient process and outdated law. the result is a heavy burden on the innovative work that is the engine of our economy. i want to commend senator leahy. he has gone the extra mile for this bill for many years, and i'm proud and glad that he is seeing his work come to fruition as we finally debate the bill on the floor and passage of the bill is in sight. i also want to commend the ranking member of the judiciary committee, senator grassley, who worked with him, as well as senator kyl who has taken a leading role on the republican side for their hard work in crafting a bill that effectively modernizes the patent system while paying attention to the many and varied demands that different sectors of the economy exert upon it. i'm particularly pleased that the chairman has decided to adopt the schumer-kyl amendment
the u.s. is designed to protect innovation, inventions and investment, but over the last several decades, the patent and trademark office has become bogged down and overburdened by inefficient process and outdated law. the result is a heavy burden on the innovative work that is the engine of our economy. i want to commend senator leahy. he has gone the extra mile for this bill for many years, and i'm proud and glad that he is seeing his work come to fruition as we finally debate the bill on the...
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Mar 21, 2011
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the 2012 budget request for the u.s. gs is one of those where i wish we could have someone from the white house come up and place a hand on the bible and raise his or her right hand and explain themselves because this is a budget that has four things by cutting $89 million and 230fde's from core science programs this budget runs counter to the president's commitment to restore science to its rightful place. second by proposing a washington monument-type cuts to programs like endocrine stream gauges, you see how i said that that the american people care about the budget shows that this administration is willing to play games with this congress by testing our resolve during these serious fiscal times third by inheriting the full funding responsibilities for lancet 9 and 10 from nasa without any of nasa's $19 billion budget and by offsetting the $48 million increase for lancet from other core science programs this budget is assigned of the untenable situation we're likely to be in two years from now when the administration
the 2012 budget request for the u.s. gs is one of those where i wish we could have someone from the white house come up and place a hand on the bible and raise his or her right hand and explain themselves because this is a budget that has four things by cutting $89 million and 230fde's from core science programs this budget runs counter to the president's commitment to restore science to its rightful place. second by proposing a washington monument-type cuts to programs like endocrine stream...
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Mar 13, 2011
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the u.s. bilateral relationship is a roller coaster. we've gone up and down. we've been best friends, most allied country in the world, and we've been at each other's throats. if this was a soap opera on television, it would get number one ratings because the drama is so high. all the ups are built around great secret projects. the youtube days that flew over the soviet union, nixon's trip to china, the war against the soviets and more recently, the war against al-qaeda. all of these secrets, of course, don't remain secrets for very long at all. they all come out. one standard, though, is that the united states consistently has always supported and endorsed the military dictators. we love pakistan's generals when they take over. sometimes at the beginning we're initially reluctant, but soon we come around. and it's bipartisan. republicans and democrats alike have fallen in love with pakistani generals. there's also great individuals. charlie wilson, great movie. but also larry pressler, a little-known senator who's the man whose bill cut off military assistanc
the u.s. bilateral relationship is a roller coaster. we've gone up and down. we've been best friends, most allied country in the world, and we've been at each other's throats. if this was a soap opera on television, it would get number one ratings because the drama is so high. all the ups are built around great secret projects. the youtube days that flew over the soviet union, nixon's trip to china, the war against the soviets and more recently, the war against al-qaeda. all of these secrets,...
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Mar 3, 2011
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the u.s. constitution and the like. you are now saying wipe the slate clean because none of that has any relevance to how i would conduct myself as a judge if confirmed by the senate. is that correct? >> that is correct because my understanding of the role of an intermediate appellate judge in the hierarchy of the judicial system is to follow the instructions of the higher court which is the united states supreme court. my scholarly views, a wood base decisions if lucky enough to be confirmed. you mentioned what i wrote about the roberts nomination, with respect to the united states supreme court which justice's applying the doctrines started in different sizes may if they apply the test in that way overturn precedents and that is simply not something that an intermediate appellate judge has any authority to do. .. >> and the ability to set aside your strongly held academic and scholarly views, and to be able to basically start over from scratch and ignore them. the problem we have as members
the u.s. constitution and the like. you are now saying wipe the slate clean because none of that has any relevance to how i would conduct myself as a judge if confirmed by the senate. is that correct? >> that is correct because my understanding of the role of an intermediate appellate judge in the hierarchy of the judicial system is to follow the instructions of the higher court which is the united states supreme court. my scholarly views, a wood base decisions if lucky enough to be...
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Mar 9, 2011
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the u.s. senate is returning from recess this afternoon debating two competing proposals to fund the government. voting is scheduled for 3 p.m. eastern. live coverage of the u.s. senate live here on c-span2. introduced on friday cuts $52 billion from the discretionary spending request submitted by the president for fy 2011. if this amendment were agreed to, as written, it would mean that we would appropriate $51 billion less than the president felt was necessary for the government to carry out its duties. mr. president, i do not agree with every item in this president or any president request on this budget, but i also know that the president's budget request did not contain $51 billion in frivolous or wasteful spending. the cuts are necessary to reach the $51 billion level require difficult choices. this amendment makes real cuts to real programs. tens of thousands of americans will feel the direct impact of the proposed cuts. but the cuts included in this amendment are based on hearings, tes
the u.s. senate is returning from recess this afternoon debating two competing proposals to fund the government. voting is scheduled for 3 p.m. eastern. live coverage of the u.s. senate live here on c-span2. introduced on friday cuts $52 billion from the discretionary spending request submitted by the president for fy 2011. if this amendment were agreed to, as written, it would mean that we would appropriate $51 billion less than the president felt was necessary for the government to carry out...
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Mar 11, 2011
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senior u.s. of quotient -- officials say quote my gender issues will have to say a bat succeed there's no way we can be successful if we maintain every special interest and pet project. i know you pretty well. this is quite frankly unacceptable and any progress we have made with regard to women's rights will be quicklyn s kl rolled bak buy the karzai government and others if we do not continue to emphasize the importance of genderadvo equality per or have been a strong advocate for women's rights and i know that you have. i don't think we can stand by let the administration will back off the critical work we have done in afghanistan. t is this report accurate? if so what is the justification? >> it is not accurate and i am trying to find out who's beneficial is because that is not the policy. we believe strongly that women and girls are essential to building democracy and security. what we have done is to develop the civilian assistant strategy for afghan women and current a providing more suppor
senior u.s. of quotient -- officials say quote my gender issues will have to say a bat succeed there's no way we can be successful if we maintain every special interest and pet project. i know you pretty well. this is quite frankly unacceptable and any progress we have made with regard to women's rights will be quicklyn s kl rolled bak buy the karzai government and others if we do not continue to emphasize the importance of genderadvo equality per or have been a strong advocate for women's...
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Mar 25, 2011
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the u.s. constitution was part of it. all these things were part of it but you get my point and so the question then becomes ron paul why love dearly. goes on tv and he says civilizations only last 200 years. and we all know what he means. many other people said. this but what they're getting at is obviously that we tax each other to death. that we grow too complacent bure rock sis you know, and all of that stuff happened but here's my point back and that is, no civilization that has operated under the u.s. constitution has ever failed. right? so i'm not saying it can't happen i'm just saying it hasn't happened so don't let history scare you about this because we don't know. what happens to countries that have the u.s. constitution. i mean, this healthcare law could be struck down major, major parts of it because of the constitution. and i think it will be by the way. all right. and so i in the end it's more than just waiting two years to see what happens in an election. .. >> we are 12% inflation, the highest we ever had
the u.s. constitution was part of it. all these things were part of it but you get my point and so the question then becomes ron paul why love dearly. goes on tv and he says civilizations only last 200 years. and we all know what he means. many other people said. this but what they're getting at is obviously that we tax each other to death. that we grow too complacent bure rock sis you know, and all of that stuff happened but here's my point back and that is, no civilization that has operated...
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Mar 5, 2011
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james robbins argues that the tet offensive was actually failure for the north vietnamese and that the u.s. media and lt-
james robbins argues that the tet offensive was actually failure for the north vietnamese and that the u.s. media and lt-
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Mar 25, 2011
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i believe that u.s. administrations, successive administrations -- democratic and republican -- have made a big mistake by giving iran no assets to jeopardize. if united states had been willing to allow iran to have pipelines back in the 1990s, if united states had been willing to allow conoco to take that deal with iran back in the 1990s, i don't think we would have the hostile relationship we have with iran today. so should we continue this pattern because of the nuclear issue? if we want to end the russian monopoly, if we want central asia to be prosperous, i think we do have to end this, this policy of blocking iran from having pipelines, trying to discourage transit trade. you know, the late richard holbrooke was so proud of the fact that he'd gotten a transit agreement that goes from afghanistan through pakistan to india. well, there should be routes that go from iran to pakistan to india. it's in the everybody's interests. and i would refer people to fred starr at johns hopkins who's written exten
i believe that u.s. administrations, successive administrations -- democratic and republican -- have made a big mistake by giving iran no assets to jeopardize. if united states had been willing to allow iran to have pipelines back in the 1990s, if united states had been willing to allow conoco to take that deal with iran back in the 1990s, i don't think we would have the hostile relationship we have with iran today. so should we continue this pattern because of the nuclear issue? if we want to...
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also, u.s. aid does similar funds. can you provide us with how much has been spent on cultural preservation that both the state and u.s. aid and most importantly, why does the administration think we should continue to fund projects like this? is this a program would be willing to give up for the higher national security priorities? >> madame chairwoman, over a ten year period since 2001, the ambassadors cultural fund has provided $1,179,684 to 29 projects. mostly archaeological sites including churches, mosques and synagogues. what we have used that for, but ambassadors have used that for is to illustrate to countries respect for their culture, the history, the religion, and we think it's been a good tool but obviously this is an area where we like to give some discretion to our ambassadors so that they are able to do things that can make people feel good about america but obviously we would be more than willing to talk to you about it. >> thank you. one other concern that cannot in the "washington post" that has to d
also, u.s. aid does similar funds. can you provide us with how much has been spent on cultural preservation that both the state and u.s. aid and most importantly, why does the administration think we should continue to fund projects like this? is this a program would be willing to give up for the higher national security priorities? >> madame chairwoman, over a ten year period since 2001, the ambassadors cultural fund has provided $1,179,684 to 29 projects. mostly archaeological sites...
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Mar 13, 2011
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my question for you is if you would comment on what impact you think it has on the u.s. supreme court that we essentially have a cookie-cutter court now. they are appellate judges promoted. no earls or bill douglass, robert jacksons. i can think of a republican who fits that mold, but i can't now. what impact does that have on the court? >> i'm very critical of it. it's not -- eight of the nine have been federal court appeal judges briefly. kagan had not been that. she was solicitor general to being on the supreme court. the cookie-cutters are troubling in other ways to me. they can claim to have a justice raised in new york, but there's two justices that grew up in mississippi, and one that was appointed west of the mississippi, and that's justice kennedy. look at the most recent justices and where they went to school. kagan, princeton and harvard. alito, princeton, john roberts went to harvard and then law school. i think that leads to my focus that is very troubling. also there's a narrow range of experience. few of the current justices spent significant amounts of ti
my question for you is if you would comment on what impact you think it has on the u.s. supreme court that we essentially have a cookie-cutter court now. they are appellate judges promoted. no earls or bill douglass, robert jacksons. i can think of a republican who fits that mold, but i can't now. what impact does that have on the court? >> i'm very critical of it. it's not -- eight of the nine have been federal court appeal judges briefly. kagan had not been that. she was solicitor...
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Mar 6, 2011
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i use that in my high school u.s. history classes. >> guest: that's wonderful. >> host: and this tweet is from a middle school history teacher. it seems it is not possible to determine original intent. your thoughts, please, and that's from chris. >> guest: well, depends on what you mean by original intent. as i've said earlier, scalia said he is not interested in original intent, that is that he's not interested in what people meant to say which is very difficult to determine. but in what they say in the meaning of the words of a given statute. i think, i think that it is useful to look, for jurists to look at what either the drafters or the ratifiers said about given provisions of the constitution. there you can, i think, find information that is of use. there is no original intent, there is no original understanding of the constitution as a whole, but usually the questions are much more specific. and you can find some information, but i see no reason to think that we are bound to understand those or to continue the
i use that in my high school u.s. history classes. >> guest: that's wonderful. >> host: and this tweet is from a middle school history teacher. it seems it is not possible to determine original intent. your thoughts, please, and that's from chris. >> guest: well, depends on what you mean by original intent. as i've said earlier, scalia said he is not interested in original intent, that is that he's not interested in what people meant to say which is very difficult to...
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Mar 15, 2011
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the u.s. treasury will pay whatever interest rate is required in order to basically achieve that part of the savings which are required to finance the deficit. now, what that means basically is that interest rates are moved up to a level in which you are certain people in the economy who would like to invest the can't afford the interest. >> interest rates are as low as they've been in decades. >> that is true only of aaa corporate, microsoft is not being crowded out. ibm is not being crowded out. the ones that are being crowded out are shown to be those which are, sake be rated corporations. if you take a look at ccc yields, interest rates are very high. and if you look at what the shortfall and investment is, it is very largely in small business and even construction, particularly, but it is not the large corporations which are being crowded out. they would be crowded out if the deficit were twice the size it is. they do not crowd out at this level. so i would say to you, who is crowded out?
the u.s. treasury will pay whatever interest rate is required in order to basically achieve that part of the savings which are required to finance the deficit. now, what that means basically is that interest rates are moved up to a level in which you are certain people in the economy who would like to invest the can't afford the interest. >> interest rates are as low as they've been in decades. >> that is true only of aaa corporate, microsoft is not being crowded out. ibm is not...